When a Monopolist Practices Perfect Price Discrimination

question 234

Multiple Choice

When a monopolist practices perfect price discrimination,

• A)consumers receive no consumer surplus
• B)there is allocative inefficiency
• C)there is a deadweight loss
• D)profit is lower than for the nondiscriminating monopolist
• E)total revenue is less than for the nondiscriminating monopolist

---

Definitions:

Total Flow Time

The cumulative time that it takes for a product to go through the entire production process, from start to finish.

Transformer Rebuilding

The process of overhauling or refurbishing a transformer to improve its performance, extend its service life, and ensure it meets current standards.

Machine Centre

A designated area within a manufacturing facility where machines are grouped by the functions they perform, often used to optimize production flow and efficiency.

Average Completion Time

The average time taken to complete a set of tasks or job orders, often used as a measure of performance in production and service environments.